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Huntsville AL Foreclosure Trends for February 2014

By: Huntsville Real Estate Expert Mike Manosky On March 28, 2014

In February, the number of properties that received a foreclosure filing in Huntsville, AL was 38% higher than the previous month and 54% higher than the same time last year, according to RealtyTrac.com.

Huntsville AL Foreclosure Status Distribution

The current distribution of foreclosures based on the number of active foreclosure homes in Huntsville, AL.

Auctions accounted for 50.0% of foreclosure activity in February 2014 and Bank-owned properties accounted for 50.0%.

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Huntsville AL Foreclosure Geographical Comparison

Huntsville AL foreclosure activity in February was 0.02% higher than national statistics, 0.04% higher than state numbers and 0.01% lower than Madison County numbers.

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Huntsville AL Foreclosure Activity by Month

The number of Bank-Owned properties increased 69.2% from the previous month and 69.2% from the previous year in February.  The number of Auctions increased 15.8% from the previous month and increased 41.9% from the previous year.

trend-feb2014

Are you or someone you know behind on your mortgage payments and facing a Huntsville AL foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. Give me a call for a private consultation.

Curious about the value of your home? Click here for an update!

Information courtesy of Huntsville Alabama Real Estate Real Estate Broker, Mike Manosky.

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